"In 2016 we took purposeful steps to advance our strategy, and the Gasum Group’s financial performance had a positive trend.

Natural gas plays an important role in the transition towards a carbon-neutral society. Gas has maintained a significant position in Finnish energy use. The annual consumption of natural gas in Finland (24 TWh) in 2016 corresponded roughly to the amount of energy generated by four nuclear power stations. The position of gas is also acknowledged in Finland’s newly-adopted National Energy and Climate Strategy, which provides steering towards ambitious energy and climate targets.

Our Nordic position as a significant player in liquefied natural gas (LNG) was strengthened as the Risavika LNG production plant was acquired by our subsidiary Skangas. In addition to this, we diversified the Finnish energy market with LNG as Finland’s first LNG import terminal was opened in Pori in August 2016. Progress in our strategy was also made as planned in biogas production and supply as we acquired both Biovakka and Biotehdas in early 2016. We are now even better able to offer biogas for transport and industrial use while at the same time promoting the realization of the circular economy."